Tab_201BOYD, CHANDLER & FALCONER, LLP
ATTORNEYS AT LAW
SUITE 302
911 WEST EIGHTH AVENUE
ANCHORAGE, ALASKA 99501
TELEPHONE: (907) 272-8401
FACSIMILE: (907) 274-3698
bcf@bcfaklaw.com
November 3, 2016
Mayor and Council Members
City of Nome, Alaska
P0 Box 281
102 Division Street
Nome, Alaska 99762
Board of Directors
Alaska Municipal Bond Bank
Alaska Department of Revenue
333 Willoughby Avenue
Juneau, Alaska 99811-0405
RBC Capital Markets
Two Embarcadero Center, Suite 2100
San Francisco, California 94111
Ladies and Gentlemen:
We are the duly appointed City Attorneys of the City of Nome, Alaska (the "Issuer").
This opinion is given in connection with issuance and sale by the Issuer of its $650,000
General Obligation Refunding Bond, 2016 Series A (the "Bond"). The Bond is being sold
to the Alaska Municipal Bond Bank (the "Bond Bank") pursuant to a Loan Agreement
dated as of November 15, 2000, as amended by an Amendatory Loan Agreement dated
as of January 1, 2007, and as amended by an Amendatory Loan Agreement dated
October 18, 2016 (together, the "Loan Agreement"), between the Bond Bank and the
Issuer.
We are of the opinion that:
I The execution and delivery of the Loan Agreement and the performance by
the Issuer of the terms and conditions of the Loan Agreement, including the issuance,
sale, and delivery of the Bond, do not and will not conflict with or constitute a breach of,
or a default under, any existing law (including, without limitation, the Constitution of the
State of Alaska), any court or administrative regulation, decree, or order, or any
agreement, indenture, mortgage, lease, or other instrument to which the Issuer is a party
or is otherwise subject or bound.
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2. No litigation is pending, or to our knowledge threatened, against the Issuer
in any court affecting the corporate existence of the Issuer, or the titles of its officers to
their respective offices, or seeking to restrain or enjoin the issuance, sale or delivery of
the Bond, or in any manner questioning the authority or proceedings for the authorization
or issuance of the Bond, or the right of the Issuer to levy and collect taxes pledged or to
be pledged to pay the principal of and interest on the Bond, or the pledge thereof, or in
any way contesting or affecting the validity or enforceability of the Bond or the Loan
Agreement.
Very truly yours,
BOYD, CHANDLR & FALCONER, LLP
CirIes A. acciola
City Attorner—.
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